6:50am ET
Special Report
The Biggest Corporate Layoffs of All Time
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a…
Companies
/Financial Services
Bank Of America Corp
$58.18
▲ $0.28 (+0.48%) today
Markets closed · 1:49am ET
BAC Coverage
Page 896:45am ET
Media
Media Digest (12/7/2011) Reuters, WSJ, NYTime, FT, Bloomberg
The board of Olympus may resign by late February. (Reuters) China says its annual rate of growth slowed between October and November. (Reuters) Congress pressures the CFTC for stronger regulation after the…
6:45am ET
Banking, finance, and taxes
Bank of America Improves — Compared to What?
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue…
6:45am ET
Investing
What’s Important in the Financial World (12/7/2011) Citigroup Job Cuts, China’s Economy Slows
A New Bailout Fund. Rumors suggest that leading eurozone nations, particularly France and Germany, may have begun the process to create a large bailout fund for the financially weak nations in the region.…
6:16am ET
Investing
Bank Of America (BAC) Says Prospects Improve
Bank of America (NYSE: BAC) CEO Brian Monihan says that his company’s prospects have improved. He claims third quarter results are better than plan. The bank, like other large US peers, have…
Douglas A. McIntyre 9:17am ET
Energy
Inergy Midstream Prices IPO (NRGY, MS, BAC, JPM)
Inergy Midstream L.P. has indicated its IPO price range as being $19-$21/common unit and will offer 16 million units when the company goes public. It will trade on the NYSE under the…
12:43pm ET
Investing
Bankrate Shares Holding Firm Ahead of Secondary Offering (RATE, GS, BAC)
Bankrate, Inc. (NYSE: RATE) is actually holding up better than many secondary offering and post-IPO investors might have considered today. The company announced after the close on Friday that its underwriters agreed…
6:22am ET
Media
Media Digest (12/2/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Auto sales reach a two-year high. (Reuters) Tom Glocer, the head of Thomson Reuters (NYSE: TRI), resigns and will be replaced by the COO. (Reuters) The intellectual property battle between Apple (NASDAQ:…
2:34pm ET
Investing
Banks Facing More Competition From Credit Unions (BAC, JPM, WFC)
Banks were able to shine for years and years over credit unions. This new age of “too big to fail” after bailouts and then banks gouging customers for charges may be creating…
12:45pm ET
Investing
Massachusetts Sues Mortgage Lenders over Foreclosures (BAC, JPM, WFC, C)
In a threat to a national settlement related to the foreclosure “robo-signing” investigation, the attorney general of Massachusetts has filed suit against Bank of America Corp. (NYSE: BAC), J.P. Morgan Chase &…
12:19pm ET
Investing
No Federal Guarantee for Rooftop Solar, No Problem (BAC)
The US Department of Energy in early September approved a conditional loan guarantee of $275 million to Bank of America Corp. (NYSE: BAC) and its BofA/Merrill Lynch division to support the installation…
Paul Ausick 6:36am ET
Investing
Most Valuable Stadiums in America
Corporations can spend hundreds of million dollars just so they can put their name on a major league sports stadiums. 24/7 Wall St. looked that the 13 largest stadium-naming rights deals and…
4:54pm ET
Banking, finance, and taxes
S&P Downgrades All Major Banks, Criteria Changes (WFC, BAC, C, JPM, BK, STT, GS, MS)
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at…
2:32pm ET
Banking, finance, and taxes
Bank of America’s $5.00 Stock Chart Challenge (BAC)
Bank of America Corporation (NYSE: BAC) has not done well with a good market nor with a bad market. The big gap-up Monday was sold off and now the lows on Tuesday…
Jon C. Ogg 6:11am ET
Media
Media Digest (11/29/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…